• Starting from scratch, it is better if you are clear with your expectations and responsibilities associated with a certain job before recruiting anyone. This would make it very clear for you to choose what all company information or how much confidential information is to be revealed.
• Well, as a boss one is expected to be open and accessible for discussions to everyone in office. But it is imperative to let everyone know their rights and boundaries. You can’t be expected to discuss certain confidential matters with every employee. At the same time, if one has the responsibility of handling a certain project, that person shouldn’t also feel constricted because of information glitch or something like that. One cannot ask for total dedication and sincerity towards reaching a goal until and unless you show your confidence in his capability and trust him with his responsibilities.
• The input that you receive from your workforce is directly proportional to how much part of the company do they consider themselves. Any goal can’t be achieved by just the leader’s vision. He would have to share it with members of his team- letting them know their part. Yes that would be the key- to give each his own.
• Also in order to have a cordial work environment, make sure you don’t betray your employees’ confidence too. To do so destroys trust, is disrespectful of that trust, and ruins your ability to mentor and coach your staff.
• The typical Boss-Worker hierarchy is not seen much now-a-days, especially in small companies or start-ups. Offices are much more interactive and healthier places. But the roles still haven’t changed. Be friendly but that shouldn’t lead to you divulging company’s confidential information. 

P.S. Also Maynard Brusman says, “Telling your employees how smart you are needs to stop. Employees view bosses who exhibit this behavior as arrogant and condescending. It undermines motivation, engagement and productivity.”